People First Bank

Last updated

Heritage and People’s Choice Limited
People First Bank [1]
Company type Mutual bank
Industry Financial services
Headquarters Flinders Street, Adelaide, South Australia [1] ('dual head office' located in Ruthven Street, Toowoomba [2] )
Area served
Key people
Michael Cameron, Chairman [3]
Steve Laidlaw, Chief Executive Officer [4]
Products
Total assets A$23.3 billion [5]
Members730,000 [5]
Number of employees
2,000 [5]
Website peoplefirstbank.com.au/

Heritage and People's Choice Limited, trading as People First Bank, is an Australian mutual bank. It is one of Australia's largest mutual banks, with branches located in South Australia, Northern Territory, New South Wales, Queensland, and Victoria, offering loans, credit cards, transaction and savings accounts, mortgages and insurance.

Contents

History

In August 2021, People's Choice Credit Union entered into discussions with Heritage Bank about a potential merger, [6] and in April 2022 both companies announced that they planned to merge. Members gave their approval on 16 November 2022. [7]

On 27 Nov 2023 Heritage and People's Choice announced its new brand, People First Bank. [8]

People First Stadium

Heritage Bank acquired the naming rights to Carrara Stadium, home of the Gold Coast Suns, in 2023. On 8 March 2024 it was rebranded to People First Stadium. [9]

Sponsorships

People's Choice Credit Union began sponsoring the Western Bulldogs in 2017, and in 2024 this sponsorship was rebranded to People First Bank. [2]

Community Lottery

Originally known as the People's Choice Community Lottery, the People First Community Lottery gives local sporting clubs, schools, charities, volunteer groups and other not-for-profit community groups the opportunity to raise funds and achieve fundraising goals. People First Bank facilitate the lottery administration, advertising, prizes and tickets, and the community groups participating receive 100% of every $2 ticket sold. [2]

See also

Related Research Articles

<span class="mw-page-title-main">Toronto-Dominion Bank</span> Canadian bank and financial services corporation

Toronto-Dominion Bank, doing business as TD Bank Group, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. It is one of two Big Five banks of Canada founded in Toronto, the other being the Canadian Imperial Bank of Commerce.

Nationwide Building Society is the largest retail bank in the United Kingdom, and the world's largest building society, serving over 16 million members. It operates as a British mutual financial institution, meaning it is owned by and run for the benefit of its members. Nationwide is also the seventh largest cooperative financial institution globally. The Society's headquarters are located in Swindon, England.

<span class="mw-page-title-main">The Co-operative Bank</span> Retail and commercial bank in the United Kingdom

The Co-operative Bank plc is a British retail and commercial bank based in Manchester, England. Established as a bank for co-operators and co-operatives following the principles of the Rochdale Pioneers, the business evolved in the 20th century into a mid-sized British high street bank, operating throughout the UK mainland. Transactions took place at cash desks in co-op stores until the 1960s, when the bank set up a small network of branches that grew from 6 to a high of 160. Branches for residents of the Isle of Man and the Channel Islands were closed in the 2010s during a significant rescaling exercise. As of 2023 it has 50 branches in the UK.

<span class="mw-page-title-main">Bendigo and Adelaide Bank</span> Australian financial institution

Bendigo and Adelaide Bank, is an Australian financial institution, operating primarily in retail banking. The company was formed by the merger of Bendigo Bank and Adelaide Bank in November 2007.

<span class="mw-page-title-main">ANZ (bank)</span> Australian multinational bank

The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It’s Australia's second-largest bank by assets and fourth-largest bank by market capitalisation.

St.George Bank is an Australian bank with its headquarters in Sydney. Since a 2008 merger, the bank has been part of Westpac, having previously been an independent legal entity. In 2010, St.George was deregistered as a company and ceased to be a standalone authorised deposit-taking institution.

<span class="mw-page-title-main">Hunter Mutual</span> Australian credit union

Hunter Mutual was a credit union based in and serving the Upper Hunter Valley of New South Wales, Australia. It was established in 1968 as the Upper Hunter Local Government Employee's Credit Union. In 1971, it changed its name to the Upper Hunter Credit Union in 1971, and following a restructure of its operations in 2004, it took on the name Hunter Mutual. During the 1990s, when many major banks closed branches in small country towns, Hunter Mutual set up new branches areas within the Upper Hunter where this occurred.

Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, and a large number of other financial institutions, such as credit unions, building societies and mutual banks, which provide limited banking-type services and are described as authorised deposit-taking institutions (ADIs). Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing.

Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of December 2023, the bank has 1,869 branches and 3,239 ATMs, including branches in GIFT City and DIFC (Dubai).

<span class="mw-page-title-main">Great Southern Bank</span> Australian credit union bank

Great Southern Bank is one of Australia's largest customer-owned banks with corporate offices in Brisbane, Sydney, and Melbourne. It provided banking services to more than 400,000 Australians in 2023.

<span class="mw-page-title-main">People's Choice Credit Union</span> Australian credit union

Heritage and People’s Choice Limited, trading as People's Choice, is an Australian credit union based in Adelaide, South Australia. It is one of Australia's largest credit unions, with branches located in South Australia, Northern Territory and Victoria, offering loans, credit cards, transaction and savings accounts, mortgages and insurance.

<span class="mw-page-title-main">Adelaide Christmas Pageant</span> Annual parade held in Adelaide, Australia

The Adelaide Christmas Pageant is a parade held annually in the South Australian capital of Adelaide. Established in 1933, the event is staged annually on the second Saturday of November, typically from 9.30am except 2020 and 2021 where it was broadcast at 7:00pm. It comprises a procession of 85 sets and 1,700 volunteers, including some 63 floats, 15 bands, 164 clowns, dancing groups, and walking performers, all culminating in the arrival of Father Christmas. The pageant is officially recognised as a "heritage icon" by the National Trust of Australia, and a "state institution" by the Government of South Australia.

<span class="mw-page-title-main">Heritage Bank</span> Australian banking company

Heritage and People’s Choice Limited, trading as Heritage Bank, is one of Australia's largest mutual banks. Its head office is in Toowoomba, Queensland.

<span class="mw-page-title-main">United Community Bank</span> Bank holding company

United Community Banks, Inc. is an American bank. United is one of the largest full-service financial institutions in the Southeast, with $25.9 billion in assets, and 161 offices in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee.

<span class="mw-page-title-main">IMB Bank</span> Other organization in Wollongong, Australia

IMB Bank is an Australian mutual bank established in 1880. In 2020, IMB Bank was voted by Forbes as one of the World's Best Banks, and, in 2022, was found by financial services research company Canstar to have Australia's Most Satisfied Customers for both the Bank and Mutual Bank categories.

<span class="mw-page-title-main">Bank Australia</span> Australian banking co-operative

Bank Australia is an Australian customer-owned bank based in Collingwood, Victoria. The organisation can trace its origins back to 1957, when the CSIRO Co-operative Credit Society was formed. Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union (mecu) in 2003, which became Bankmecu in 2011, and Bank Australia in 2015.

Beyond Bank is an Australian customer-owned bank operating in South Australia, Victoria, the Australian Capital Territory, Western Australia and New South Wales. It provides financial services to its members, including savings and business accounts, term deposits, loans, insurance and financial planning, and has total assets under management of more than $5 billion. It is a certified B Corp.

Tangerine Bank is a Canadian direct bank that is a subsidiary of Scotiabank. It offers no-fee chequing and savings accounts, Guaranteed Investment Certificates (GICs), mortgages and mutual funds. Many savings and investment products are eligible for registration under a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).

<span class="mw-page-title-main">P&N Bank</span> Australian owned bank based in Perth

P&N Bank is a division of Police & Nurses Limited and is an Australian customer-owned bank based in Western Australia. Operating under a mutual model, P&N Bank provides retail banking services such as home loans, savings accounts, and insurance services. The bank has a network of branches throughout greater Perth and Bunbury and has a Perth based Contact centre which is open 6 days a week.

<span class="mw-page-title-main">Simplii Financial</span> Banks of Canada

Simplii Financial is a Canadian direct bank and the digital banking division of the Canadian Imperial Bank of Commerce (CIBC). It offers no-fee chequing and savings accounts, a VISA credit card, Guaranteed Investment Certificates (GICs), mortgages and mutual funds. These savings and investment products are also eligible for registration under a Tax-Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP).

References

  1. 1 2 "Current details for ABN 11 087 651 125". Australian Business Register . 15 July 2021. Retrieved 23 November 2022.
  2. 1 2 3 "People First Bank". People First Bank. Retrieved 5 July 2024.
  3. "New Chairman to support investment in member needs".
  4. "People First Bank announces CEO and Board transitions".
  5. 1 2 3 "Introducing… People First Bank". 27 November 2023.
  6. "Heritage Bank and People's Choice to explore merger opportunity". Heritage Bank. 18 August 2021.
  7. "Members approve merger of Heritage and People's Choice to create positive new force in Australian banking sector". People's Choice Credit Union. 16 November 2022. Retrieved 18 November 2022.
  8. https://www.peopleschoice.com.au/media-centre/2023/introducing-people-first-bank
  9. "Introducing People First Stadium". Gold Coast Suns. 8 March 2024.